Friday, September 3,MBS prices dropped sharply causing mortgage rates to jump this morning after the August employment report showed that employers cut fewer jobs than economists were expecting and added more private-sector jobs than forecast.

Thursday, September 2,Much news this morning that effected Mortgage Rate Lock AdvicePending home sales rise 5.2 percent in July. The productivity of American businesses fell a revised 1.8% in the second quarter, the biggest drop in almost four years and twice as much as the government initially reported,Weekly Jobless Claims were better than expected.Our best Fixed mortgage rate for a 30 day lock: 4.000% 1.250 point, APR 4.193%

Wednesday, September 1,U.S. construction spending fell more than expected in July to its lowest rate in 10 years,

Manufacturing in the U.S. expanded at a faster pace than the August forecast, signaling the industry that led the recovery will keep it from faltering. The good news boosted mortgage rates and stock prices.

Tuesday, August 31,Consumer confidence rose to 53.5 in August, up from 51.0 in July

Monday, August 30,Personal income and Personal Spending came in close to expectations so their effect on mortgage rates will be nil.

Friday, August 27,This morning, second quarter GDP was revised up from the consensus forecast of 1.4% to 1.6% from the first 2.4% amount, MBS markets fell after the results came out.

Monday, August 16,The Empire State index came in a little lower than expected

Friday, August 13Lots of news today that could have effected Mortgage Rates but there were no surprises.Core CPI, Retail Sales, Retail Sales ex-Auto all came in close to expectations, Consumer Sentiment also came in close to expectations.

Thursday, August 12,The Jobless Claims average was up again, higher than expected.

Wednesday August 11The Trade Deficit was larger than expected which is bad news for the economy and good new for mortgage rates.

Tuesday, August 10,Productivity is down almost 1% when it was expected to be up 1% without much effect on mortgage rates.

Friday, August 6,Unemployment Rate came in at 9.5% as expected.July Non-Farm Payrolls fall more than expected which accounts for stocks and mortgage rates being down today.

Thursday, August 5FHA Set To Increase Annual Mortgage Insurance Premium (MIP) from 0.55% to 1.55%Congress passed bill and Obama is expected to sign. FHA Commissioner Dave Stevens said said he will use the new authority to raise the annual FHA premium (MIP) to around 0.90% and lower UFMIP to around 1.00%, following an increase in UFMIP to 2.25% from 1.75% earlier this year. Read Official HUD NoticeJobless claims came in at 479k and higher than expected. The news seems to be helping mortgage rates so far this morning.

Tuesday, August 3Personal Income came in a little lower than expected. Pending Home Sales Index June improved to -2.6% from -30.0% Factory Orders improved slightly from -1.4 to -1.2

Monday, August 2The ISM Index indicated manufacturing improved more than expected.Construction Spending indicates improved new construction.Good news for the stock market and not so good for mortgage rates.

Friday, July 30Advance Gross Domestic Product (GDP) is 2.4% about as expected.Consumer Sentiment is 37.8% a little better than the expected 37.5%Chicago PMI is 62.3 and better than the expected 56.0.

Thursday, July 29Jobless claims were 3,000 less than expected.Our best 30 year Fixed rate: 4.25%, 0.125 point, 4.317% APR

Friday, July 23No economic data is scheduled today that would affect mortgage rates.

Thursday July 22Jobless Claims were 464k, higher than the expected 450k..June Existing Home Sales fell 5% to 5.37M,

Wednesday, July 21No economic data will be released today. Fed Chief Bernanke will deliver the semi-annual testimony to Congress at 2:00 PM ET

Tuesday July 20,Housing Starts came in at 549k, below expectations

Thursday, July 15,Today's Producer Price Index (PPI) is -0.5%, -0.1% was expected Core PPI came in as predictedJobless Claims came in at 429K where 450k was expected

Wednesday, July 14Import Prices ex-oil were downRetail Sales are down more than expected

Tuesday, July 13Trade Balance came in lower than expected .

Friday, July 9No economic date is scheduled today that could affect mortgage rates.

Thursday, July 8Jobless claims were down 18,000 and slightly lower than expected. The good news pushed mortgage rates up a bit during the day.

Friday, July 2The economy lost 125,000 jobs in June, which was close to expectations. The private sector added 83,000 jobs and 225,000 census workers lost their temporary work.

Thursday, July 1Jobless claims came in higher than expected.Construction Spending and Pending Home Sales were less than expected.ISM Index was also less than anticipated. Typically, poor economic news is good for mortgage rates.

Wednesday, June 30Chicago PMI came in at 59.1 as expected and indicates an expanding economy.

Tuesday, June 29,Consumer Confidence was lower than expected.The April Case-Shiller 20-city home price index showed a rise of 0.8% from March, the first monthly increase since September.

Monday, June 28Personal Income came in close to expectations. MBS prices closed up 16/32 and many lenders improved their mortgage rates midday.

Friday, June 25Consumer Sentiment rose to the highest level since January 2008.

Thursday, June 24Durable Orders were -1.1% when they ware expected to be 2.8% Jobless Claims improved slightly.

Wednesday, June 23New Home Sales dropped 33% from April, far below the consensus.

The Fed made no change in the fed funds rate and Mortgage rates showed little reaction.

Tuesday, June 22Existing Home Sales came in at 5.66M which was lower than expected.

Thursday, June 17CPI inflation came in close to expectations with almost no effect on mortgage rates..

Wednesday, June 16Lots of news this morning and, so far, it has not significantly impacted mortgage rates.May PPI fell -0.3% from April due to a decline in energy pricesPPI was 5.3% higher than one year agoCore PPI was 1.3% higher than one year ago.May Housing Starts fell 10% to 593K.Building Permits declined 6% to 574K, the lowest level in a yearThe Mortgage Bankers Association weekly purchase activity index rose 7%, while the refinancing activity index increased by 21%

Tuesday, June 15The Empire State index came in close to expectations

Friday, June 11MBS prices jumped when Retail Sales came in lower than expected, lowering mortgage rates slightly at opening.

Thursday, June 10Jobless claims came in at near expectations. MBS prices dropped 25/32 causing several lenders to increase their mortgage rates mid day.

Friday, June 4May Employment report showed a 431K job increase, which was lower than expected

Thursday, June 3Lots of news that had no real effect on mortgage rates:Jobless Claims came in close to expectations.First quarter productivity was revised lower to 2.8% from 3.6%The Fed's Lockhart said the Fed may have to begin hiking rates even while unemployment is considerably higher than before the recession.Factory Orders were 1.2, close to expectations ISM Services Index, 55.4 as predicted

Wednesday, June 2April Pending Home Sales rose 6%, which was higher than expected.

Tuesday, June 1Construction spending came in stronger than expected

Friday, May 28Today's economic data was close to expectations and had little impact on mortgage rates today. The Chicago PMI manufacturing index fell to 59.7.April Personal Income rose 0.4%. The Core PCE price index, the Fed's inflation measure, increased at a low 1.2% annual rate.

Thursday, May 27Today's mortgage rates are being hammered by the strong stock market. Jobless Claims and GDP came in close to expectations and had little impact.

Wednesday, May 26Durable Orders exceeded the consensus. April New Home Sales rose to an annual rate of 504K units, way above the consensus forecast of 425K, and the highest level since May 2008.

Tuesday, May 25Tensions between North and South Korea have caused money to fly to safety. from stocks to bonds which helps mortgage rates.Consumer Confidence came in at 63.3, above the consensus forecast of 58.5 which helped Stocks recover from down almost 300 earlier in the day.

Monday, May 24Existing Home Sales were 5.77M, higher than the consensus of 5.65M. The news did not effect mortgage rates.

Friday, May 21No economic reports are scheduled today so mortgage rates will be primarily driven by the stock market. DJI has recovered from down 148.73 shortly after the opening bell.

Thursday, May 20Jobless claims higher than expected. Stock market weakness is pushing Mortgage Rates down this morning.Oil prices fell as low as $65 per barrel, reaching the lowest level since July 2009.

Wednesday, May 19CPI inflation was very close to expectations at low levels.The FOMC Minutes showed expectations for stronger economic growth.

Monday, May 17,The Empire State index fell short of the consensus forecast

Friday, May 14Retail Sales came in close to expectations

Thursday, May 13Weekly Jobless Claims at 444K, close to the consensus forecast of 440K. Demand was close to average for the 30-yr auction.

Wednesday, May 12The March Trade Deficit rose to $40.4 billion, which was a little higher than the consensus forecast.

Tuesday, May 11Demand was stronger than average for the 3-yr auction,

Monday, May 10The big news that rocketed stocks through the roof to close up $404 is the European Union will make $1 trillion available to support Greece and other European Union members experiencing economic troubles.

Friday, May 7The economy added 290K jobs, above the consensus of 190K, while the Unemployment Rate rose to 9.9% from 9.7%.

Thursday, May 6This morning, weekly Jobless Claims fell to 444K, close to the consensus forecast of 440K.

Wednesday, May 5 - Bad news for EU is good news for US Mortgage Rates.Early last Wednesday morning the ADP jobs estimate for April was expected at +30K and came in at +32K and March was revised by ADP from -23K to +19K. Good reports on jobs but there was no reaction to it in markets that are completely consumed with the unraveling of events in Europe and concerns that the EU may be permanently altered as the crisis of debt defaults has not been contained. All focus now is on safety to US treasuries and fears of a stock market decline which is good for Mortgage Rates. Any event that draws money from the equity markets into bonds is a good thing for US mortgage Rates. US stock markets will suffer as the euro currency falls against the dollar, investors will be leery of buying US equities as the dollar strengthening takes away buying from European and foreign investors in general.

Tuesday, May 4March Pending Home Sales increased 5.3% from February, and were 21% higher than one year ago at this time. Home sales results seem to have little effect on Mortgage Rates.

Monday, May 3The EU and IMF finance ministers approved the unprecedented bailout for Greece after a week that saw the country's fiscal crisis spread to Portugal and Spain.

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